logo
迪拜 icon
icon 迪拜 icon
新聞與資訊
Dubai Developer Introduces Online Auction Tenant System
一月 22, 2024
Dubai Developer Introduces Online Auction Tenant System 迪拜
By   Internet
  • 城市報
  • Dubai real estate
  • online property auction
  • tenant system
  • luxury apartments
Abstract: The online auction tenant system introduced by a Dubai developer is a unique concept that could bring a new leasing approach to the Dubai real estate market. Alphabeta Properties has introduced this leasing system, allowing invited participants to engage in an online auction to select tenants for the newly constructed luxury apartments in M77.

Situated on Meydan Avenue, M77 comprises 77 one, two, and three-bedroom apartments with stunning views of the city center and Burj Khalifa. The building features amenities such as a full-floor gym, a 50-meter Olympic-standard swimming pool, and a smart keyless entry system.


The developer has set an upper limit for unit rents, offering reasonably priced rentals ranging from AED 105,000 to AED 150,000 for one-bedroom apartments, depending on the square footage, ranging from 900 to 1,650 square feet. The annual rents for two-bedroom units range from AED 215,000 to AED 260,000, while three-bedroom units are priced between AED 250,000 and AED 350,000.


The innovation of this leasing auction system lies in the requirement for tenants to accept invitations and register to participate in the auction. The developer has contacted numerous other agencies through exclusive brokers to compile a vetted list of tenants considered highly suitable for this building.

Dubai Developer Introduces Online Auction Tenant System

Moreover, the auction will provide a fair opportunity for all tenants interested in bidding, enabling them to choose their desired housing unit based on their needs and budget.


The developer has already delivered projects worth over 1 billion dirhams in various regions, including Al Barsha, Jumeirah, and Al Safa. The company has built its portfolio around leasing, targeting affluent segments of the rental market. This leasing auction system may become a new trend in the Dubai real estate market.


While the concept of auction tenant systems is not entirely new in the real estate industry, it marks the first use in the Dubai market. According to developer Abdulla Al Shaibani, the idea stemmed from a strong demand. In previous projects, several people attempted to offer higher prices for the same unit, posing a challenge in consistently raising the prices for friends and tenants he knew from previous buildings. Thus, he decided to determine tenants through an openly transparent auction to ensure everyone has a fair chance.


Although the developer anticipates the auction will not last for two weeks, he expects that 50% of the units will be sold on the first day, indicating that this auction tenant system is well-received by tenants and could have an impact on the future Dubai real estate market.

留言
icon
請輸入您的國籍
+87
不能為空
電子郵件地址無效 電子郵件地址未驗證!
icon
歡迎訪問 House.com
登錄或註冊以充分利用您的體驗。這也將增加您與經紀人交流的機會。
請輸入有效的電子郵件地址。
繼續使用 Google
提交即表示我接受House.com的   使用條款
icon icon
驗證您的電子郵件
你好 我們剛剛將驗證碼發送到您的電子郵件中。 請檢查並在此處輸入驗證碼以繼續登入。
驗證碼錯誤
沒有收到電子郵件? 請檢查您的垃圾郵件資料夾
icon
banner
Dubai Developer Introduces Online Auction Tenant System
icon 複製鏈接
icon WhatsApp
icon Facebook
icon Twitter